Teradata expands its portfolio of financial services solutions

Our Convergence Bureau
27 March 2003

Mumbai: Teradata (www.teradata.com), a division of NCR Corporation (www.ncr.com), has announced detailed plans to expand its portfolio of solutions specifically tailored for the financial services industry.

The new addition includes the Teradata Financial Services Logical Data Model (FS-LDM) release 6.0, which maximises the value of the Teradata data warehouse by structuring and organising customer and business data required for business intelligence.

The new Teradata FS-LDM solution ensures that cross-functional data is available that enables financial services providers to determine who are the most profitable banking or brokerage customers and respond accordingly. It also empowers the firm’s chief financial officer (CFO) not only to understand the health of the business, but also to better forecast the future.

“With our new Teradata FS-LDM, customers can quickly implement a best-in-class enterprise data warehouse that embraces sales, marketing, financial, customer, product, trading-partner and clickstream data,” says Amrish Rau, business head, Teradata. “The patented Teradata FS-LDM also provides a flexible framework for the data warehouse that can easily be expanded to support incremental growth and the addition of new applications, as desired.”

When implemented for a financial services provider, the Teradata FS-LDM ties together information about such things as customers and their accounts, their channel usage preferences and their individual privacy preferences. Taken together, all of this information can be used to determine customer profitability and formulate appropriate retention, acquisition and growth strategies.

The Teradata FS-LDM lays the foundation for cross-functional, enterprise-wide analysis so that an institution can truly understand its customers, their behaviours and preferences and subsequently act on that information to maximise its competitive edge and return on investment.